Brokerages Set Nordson Co. (NASDAQ:NDSN) Target Price at $255.25

Nordson Co. (NASDAQ:NDSN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $255.25.

A number of research analysts have recently commented on NDSN shares. Loop Capital upgraded shares of Nordson from a "hold" rating to a "buy" rating and upped their price target for the stock from $255.00 to $280.00 in a report on Wednesday, January 22nd. BNP Paribas cut shares of Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price target on the stock. in a report on Monday, February 24th. Seaport Res Ptn raised shares of Nordson from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Baird R W lowered shares of Nordson from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Finally, DA Davidson cut their target price on shares of Nordson from $295.00 to $285.00 and set a "buy" rating for the company in a report on Friday, December 13th.

Insider Activity at Nordson

In related news, EVP Stephen Lovass sold 317 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $260.75, for a total transaction of $82,657.75. Following the completion of the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,738,159.50. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.80% of the company's stock.

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Institutional Investors Weigh In On Nordson

Institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position in Nordson by 13.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company's stock valued at $45,533,000 after buying an additional 20,217 shares during the period. JPMorgan Chase & Co. boosted its stake in Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company's stock valued at $135,138,000 after purchasing an additional 48,720 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company's stock valued at $84,499,000 after purchasing an additional 61,430 shares during the period. Holocene Advisors LP boosted its stake in Nordson by 113.8% during the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company's stock valued at $7,661,000 after purchasing an additional 15,524 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Nordson by 47.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company's stock worth $4,117,000 after acquiring an additional 5,046 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

Nordson Trading Up 0.4 %

NDSN traded up $0.79 during trading on Thursday, hitting $210.29. 550,781 shares of the stock traded hands, compared to its average volume of 351,209. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.53 and a quick ratio of 1.51. The firm has a 50-day moving average of $213.43 and a 200 day moving average of $238.06. The firm has a market capitalization of $11.97 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. Nordson has a 12-month low of $196.83 and a 12-month high of $279.38.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). The company had revenue of $615.42 million during the quarter, compared to the consensus estimate of $639.40 million. Nordson had a return on equity of 19.28% and a net margin of 16.93%. Equities research analysts anticipate that Nordson will post 10.2 EPS for the current year.

Nordson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.48%. Nordson's dividend payout ratio (DPR) is 39.69%.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.